09/27/2019
Dutch ABN Amro faces money laundering investigation, shares tumble
The bank was notified of the investigation on Wednesday but was not given further details on the scale of inquiry, said ABN spokesman Jeroen van Maarschalkerweerd.
Legal, Regulation & Compliance
09/27/2019
Nine Appleby Offices Recognised in IFLR 1000 Guide
Nine of Appleby’s offices have achieved Tier 1 and Tier 2 status in the latest IFLR1000 rankings.
09/27/2019
Carey Olsen continues to lead offshore market in Legal 500 UK rankings
Carey Olsen has secured a clean sweep of Tier One rankings across nine practice areas in Guernsey, along with nine Tier One rankings in Jersey
09/26/2019
Insurance risk management in a changing world Speech given by Charlotte Gerken
The world in which insurers operate continues to shift.
09/26/2019
German consumers more keen to spend after ECB rate cut - GfK survey
Household spending has become an important pillar of support in Germany as its exports falter.
09/26/2019
UK Draft Bill Addresses Criminal Money Laundering Through Overseas Entities
This was based on the fact that companies may not know whether or not they constitute legal entities for the purposes of the ROE Bill.
09/26/2019
Bulgarian who grew up under communist rule to take reins of IMF
Kristalina Georgieva, a top World Bank official, was chosen by the IMF’s executive board to succeed Christine Lagarde.
09/26/2019
£43m lost to reported investment scams in the first half of 2019
‘Push payment’ and business cheque frauds rocketing
09/26/2019
ABN Amro Dirty Money Probe Piles Pain on Europe's Troubled Banks
ABN investigated for failing to report suspicious transactions
09/25/2019
FCA told to review Fos oversight
The commissioner also recommended the FCA, regardless of the review's outcome, provide further clarification on its website about its approach to its oversight of the Fos.
09/25/2019
Labour’s plans for non-doms could prove costly for the UK
But the thing is that the UK is not exactly the only country that offers favourable tax deals for newish immigrants.
09/25/2019
Continued IFA consolidation leads to landscape change
Describe some of the challenges involved with selling a business
09/25/2019
The Wayfair case: the US Supreme Court’s decision and its impact on UK firms
For sales tax purposes, taxable transactions include both business-to-business and business-to-consumer transactions
09/25/2019
Deutsche Bank CEO warns central banks have no tools left to ‘cushion’ a ‘real economic crisis’
The ECB in particular has eased aggressively, lowering its deposit rate by 10 basis points to a record low of -0.5%.
09/25/2019
Findings from FCA review of unit-linked firms' governance practices
This is part of wider work in this area, including a review of non-workplace pensions, the governance of unit-linked mirror funds, and the effectiveness and scope of Independent Governance Committees (IGCs).
09/25/2019
Azzurro Associates Selects LexisNexis Visualfiles for Azzurro Law Ltd
With the kind of data that the solution holds, and by applying the right logic, Visualfiles can do anything you want it to.
09/25/2019
The Network for Greening the Financial System
The NGFS’ diverse membership, which includes the German, Dutch and French Central banks, allows for close coordination between the various ongoing international initiatives on issues of common interest.
09/25/2019
EU Court Scraps $37M Antitrust Fine Against HSBC
Eight banks were eventually dealt fines totaling $2.34 billion, with Germany-based Deutsche Bank, Barclay’s, Royal Bank of Scotland and France’s Societe Generale receiving reduced fines of $1.5 billion when they agreed to settle the commission
09/24/2019
Europe, the U.S. … or the Cayman Islands? Tackling the World’s Fund Barriers By Selma Lee Arch
Both of these bills were among those passed by the Cayman Islands Legislative Assembly on July 26, 2019.
09/24/2019
PGIM receives AIFM approval in the Netherlands
This newly authorised entity follows the announcement in July 2019 that PGIM Investments, the global manufacturer and fund distributor of PGIM, established operations in Switzerland.